TEL AVIV, Israel, June 28, 2021 /PRNewswire/ -- SuperCom
(NASDAQ: SPCB), a global provider of secure
solutions for the e-Government, IOT and Cybersecurity sectors, was
awarded a $3.6 million project with
the national government of Finland
to deploy its PureSecurity Electronic Monitoring (EM) Suite.
Through its innovative and proven technology and services,
SuperCom's aims to help Finland
improve public safety efficacy as well as reduce prison
overcrowding and lower recidivism.
The nationwide project is set to cover all electronic monitoring
(EM) offender programs within the country and expected to include
at least 1,000 enrollees simultaneously for a duration of 4 years,
with potential for extensions. The project will include the
following PureSecurity offerings: Prison inmate monitoring, GPS
tracking of offenders, RF monitoring for house arrest, and officer
and offender mobile solutions. This deployment is planned to
integrate traditional EM with inmate monitoring in a seamless way,
providing continuous tracking of offenders while they are in prison
and as they are away from the facilities during short-term
releases.
The award was won through a formal bid process, of which six
companies took part, including the long-term incumbent and current
EM vendor for Finland. Under the
terms of the award, the value of the contract is approximately USD
$3.6 million, however revenues
recognized by SuperCom will depend on actual usage levels. The
budget consists mainly of costs for leasing the EM system and
equipment, as well as recurring maintenance charges. SuperCom
expects to deploy the initial order and start generating revenues
shortly after project launch.
This award will go through the customary standstill waiting
period before contract signing is approved and the project is
launched. We expect to provide further information on such in
follow up announcements.
"We are pleased to have received this award, scoring higher than
any of the other five players in this competitive tender, including
the incumbent and current EM provider for Finland. This benchmark win signifies the
third Nordic European country to select our electronic monitoring
technology after Sweden and
Denmark in the recent past,"
commented company President and CEO Ordan
Trabelsi.
"Nordic countries as well as some of the others to select our EM
technology are among the most advanced and evolved EM countries in
the world, practicing a modernized and effective approach towards
alternatives to incarceration and emphasizing offenders' successful
re-entry into society. Our current flourishing EM deployments and
upcoming ones can serve not only as strong reference points but
also concrete validation of the effectiveness of our leading EM
technology. We believe our rapid expansion and growing brand
recognition, in Europe as well as
the U.S., is ideally positioning us to capitalize on the expanding
pipeline of EM project opportunities around the world," Ordan
concluded.
SuperCom's PureSecurity Suite is a best-of-breed electronic
monitoring and tracking platform, which contains a comprehensive
set of innovative features, including smart phone integration,
secure communication, advanced security, anti-tamper mechanisms,
fingerprint biometrics, voice communication, unique touch screens
and extended battery life.
About SuperCom
Since 1988, SuperCom has been a global provider of traditional
and digital identity solutions, providing advanced safety,
identification and security solutions to governments and
organizations, both private and public, throughout the world.
Through its proprietary e-government platforms and innovative
solutions for traditional and biometrics enrollment,
personalization, issuance and border control services, SuperCom has
inspired governments and national agencies to design and issue
secure Multi-ID documents and robust digital identity solutions to
its citizens and visitors. SuperCom offers a unique all-in-one
field-proven RFID & mobile technology and product suite,
accompanied by advanced complementary services for various
industries including healthcare and homecare, security and safety,
community public safety, law enforcement, electronic monitoring,
livestock monitoring, and building and access automation. For more
information, visit www.supercom.com.
Cautionary Note Regarding Forward-Looking
Statements
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. Statements preceded or followed by or that otherwise
include the words "believes", "expects", "anticipates", "intends",
"projects", "estimates", "plans", and similar expressions or
future or conditional verbs such as "will", "should", "would",
"may" and "could" are generally forward-looking in nature
and not historical or current facts. These forward-looking
statements are subject to risks and uncertainties that could cause
our actual results to differ materially from the statements
made. Examples of these statements include, but are not
limited to, statements regarding business and economic trends, the
anticipated effects of the COVID-19 outbreak on travel and physical
locations, the levels of consumer, business and economic
confidence generally, the duration of the COVID-19 outbreak and
severity of such outbreak, the pace of recovery following the
COVID-19 outbreak, the effect on our supply chain, our ability to
implement cost containment and business recovery
strategies and resulting anticipated impact of such outbreak
on our business, financial condition and results of
operations; the adverse effects of the COVID-19 outbreak on
our business or the market price of our ordinary shares, and other
risks and uncertainties described in the forward looking
statements and in the section captioned "Risk Factors" in our
Annual Report on Form 20-F for the year ended December 31, 2020, filed with the U.S.
Securities and Exchange Commission (the "SEC") on April 30, 2021, our reports on Form 6-K filed
from time to time with the SEC and our other filings with the SEC.
Except as required by law, we not undertake any obligation to
update or revise these forward-looking statements, whether as a
result of new information, future events or otherwise, after the
date of this press release.
SuperCom Investor Relations:
ir@supercom.com
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SOURCE SuperCom Ltd